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1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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Multiple Choice

Which of the following positions is primarily responsible for raising capital and investing funds within an organization?

Cost Accountant

Chief Financial Officer (CFO)

Controller

Internal Auditor

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Understand the roles of each position listed in the problem: Cost Accountant, Controller, Internal Auditor, and Chief Financial Officer (CFO).

Recognize that the Chief Financial Officer (CFO) is primarily responsible for managing the financial strategy of an organization, which includes raising capital and investing funds.

Clarify that the Cost Accountant focuses on analyzing costs and efficiency within the organization, not raising capital or investing funds.

Explain that the Controller oversees financial reporting and compliance but does not typically handle capital raising or investment decisions.

Note that the Internal Auditor ensures the accuracy of financial records and compliance with regulations, which is distinct from the CFO's role in capital and investment management.